Post Utme Al Hikmah University 2020 Economics Question 20
Practice objective / multiple choice question 20 from the 2020 Post Utme Al Hikmah University Economics examination.
A firm's production function is given by Q = 2L^0.5K^0.5, where Q is output, L is labor and K is capital. If the firm increases capital from 16 units to 25 units, while keeping labor cons\tant at 4 units, what is the percentage change in output?
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This is Post Utme Al Hikmah University 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Economics examination.
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